Bancolombia S.A. (NYSE:CIB) Short Interest Down 20.9% in January

Bancolombia S.A. (NYSE:CIB - Get Free Report) saw a significant decrease in short interest in the month of January. As of January 15th, there was short interest totalling 190,700 shares, a decrease of 20.9% from the December 31st total of 241,200 shares. Currently, 0.2% of the company's shares are sold short. Based on an average daily trading volume, of 230,500 shares, the short-interest ratio is currently 0.8 days.

Institutional Investors Weigh In On Bancolombia

Institutional investors and hedge funds have recently made changes to their positions in the business. Venturi Wealth Management LLC bought a new stake in shares of Bancolombia during the 3rd quarter valued at about $27,000. Blue Trust Inc. boosted its holdings in Bancolombia by 96.5% in the third quarter. Blue Trust Inc. now owns 1,305 shares of the bank's stock worth $43,000 after acquiring an additional 641 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Bancolombia by 41.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,246 shares of the bank's stock worth $72,000 after acquiring an additional 657 shares in the last quarter. R Squared Ltd bought a new position in Bancolombia in the fourth quarter worth approximately $121,000. Finally, US Bancorp DE boosted its holdings in Bancolombia by 18.9% in the third quarter. US Bancorp DE now owns 5,282 shares of the bank's stock worth $166,000 after acquiring an additional 839 shares in the last quarter.

Bancolombia Trading Down 1.3 %

Shares of Bancolombia stock traded down $0.53 on Monday, hitting $39.02. 401,300 shares of the company's stock traded hands, compared to its average volume of 461,354. Bancolombia has a one year low of $30.25 and a one year high of $40.62. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.00 and a quick ratio of 1.00. The company has a fifty day moving average of $33.21 and a two-hundred day moving average of $32.66. The company has a market capitalization of $9.38 billion, a price-to-earnings ratio of 6.18, a price-to-earnings-growth ratio of 2.25 and a beta of 1.22.

Bancolombia Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Monday, December 30th were given a dividend of $0.8044 per share. The ex-dividend date of this dividend was Monday, December 30th. This represents a $3.22 annualized dividend and a dividend yield of 8.25%. Bancolombia's payout ratio is 50.71%.

Wall Street Analyst Weigh In

Separately, Morgan Stanley raised Bancolombia from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $40.00 to $53.00 in a research note on Tuesday, January 28th.

Bancolombia Company Profile

Bancolombia SA, together with its subsidiaries, provides banking products and services in Colombia and internationally. The company operates through nine segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, International Banking, and All Other.